MSC Income Fund, Inc. (MSIF) Q1 2026 Earnings Call Transcript

MSC Income Fund, Inc. (MSIF) Q1 2026 Earnings Call Transcript

Seeking Alpha • May 8, 2026

MSC Income Fund Announces Transition from Quarterly to Monthly Regular Dividends Beginning in July 2026

Declares Regular Monthly Dividends of $0.11 Per Share for each of July, August and September 2026 and Supplemental Dividend of $0.03 Per Share Payable September 2026 HOUSTON, May 7, 2026 /PRNewswire/ -- MSC Income Fund, Inc. (NYSE: MSIF) (the "Fund") is pleased to announce a change to its regular dividend payment frequency from quarterly to monthly beginning in July 2026.  In addition, the Fund is pleased to announce that its Board of Directors declared regular monthly cash dividends of $0.11 per share payable in July, August and September 2026.

PRNewsWire • May 7, 2026

MSC INCOME FUND ANNOUNCES FIRST QUARTER 2026 RESULTS

First  Quarter 2026 Net Investment Income of $0.35 Per Share First  Quarter 2026 Adjusted Net Investment Income(1) of $0.34 Per Share First  Quarter 2026 Adjusted Net Investment Income Before Taxes(2) of $0.36 Per Share Net Asset Value of $15.87 Per Share HOUSTON, May 7, 2026 /PRNewswire/ -- MSC Income Fund, Inc. (NYSE: MSIF) ("MSC Income" or the "Fund") is pleased to announce its financial results for the first quarter ended March 31, 2026. First Quarter 2026 Highlights Net investment income ("NII") of $16.2 million, or $0.35 per share Adjusted net investment income ("ANII")(1) of $15.6 million, or $0.34 per share ANII before taxes(2) of $16.6 million, or $0.36 per share Total investment income of $34.1 million Net increase in net assets resulting from operations of $13.2 million, or $0.29 per share Return on equity(4) of 7.3% on an annualized basis Net asset value of $15.87 per share as of March 31, 2026 Declared a regular quarterly dividend of $0.35 per share and a supplemental dividend of $0.01 per share, both payable in the second quarter of 2026, resulting in total dividends declared in the first quarter of 2026 of $0.36 per share Repurchased $16.0 million of the Fund's common stock at prices below net asset value, resulting in an increase in net asset value per share of approximately $0.08 per share Completed $54.8 million in total private loan portfolio investments, which after aggregate repayments, return of invested equity capital and a decrease in cost basis due to realized losses resulted in a net increase of $17.4 million in the total cost basis of the private loan investment portfolio Completed $19.4 million in total lower middle market ("LMM") portfolio follow-on investments, which after aggregate repayments and return of invested equity capital resulted in a net increase of $15.1 million in the total cost basis of the LMM investment portfolio Previously approved expanded regulatory leverage capacity became effective January 29, 2026, reducing the Fund's minimum regulatory asset coverage requirement from 200% to 150% Further diversified the Fund's capital structure by issuing $150.0 million in aggregate principal amount of 6.34% unsecured notes due May 31, 2029 (the "May 2029 Notes") In commenting on the Fund's operating results for the first quarter of 2026, Dwayne L.

PRNewsWire • May 7, 2026

Main Street Announces Follow-On Investment

Invests an Additional $15.6 Million in UBM ParentCo, LLC to Support Strategic Acquisition HOUSTON, April 21, 2026 /PRNewswire/ -- Main Street Capital Corporation (NYSE: MAIN) ("Main Street") is pleased to announce that it recently completed a follow-on investment in its existing portfolio company, UBM ParentCo, LLC, doing business as United Business Mail ("UBM" or the "Company"), a leading provider of "marketing mail" commingle services, specializing in optimizing postage, transportation and delivery performance for large-scale mailers. Main Street, along with its co-investor MSC Income Fund, Inc. (NYSE: MSIF) ("MSIF"), made the follow-on investment in UBM to support the Company's strategic acquisition of a leading national provider of asset-light palletized mail consolidation, mail optimization services, freight brokerage, and warehousing and distribution for business to business, or B2B, and business to consumer, or B2C, customers.

PRNewsWire • Apr 21, 2026

MSC Income Fund: Disappointing Start, Bright Future

So far (starting from the IPO), MSC Income Fund, Inc. has disappointed investors. The ~22% share price decline has further widened the valuation gap between MAIN and MSIF. Plus, MSIF trades quite close to the sector average P/NAV.

Seeking Alpha • Apr 19, 2026

MSC Income Fund Announces First Quarter 2026 Earnings Release and Conference Call Schedule

Call Scheduled for 11:00 a.m. Eastern Time on Friday, May 8, 2026 HOUSTON, April 17, 2026 /PRNewswire/ -- MSC Income Fund, Inc. (NYSE: MSIF) ("MSC Income" or the "Fund") is pleased to announce that it will release its first quarter 2026 results on Thursday, May 7, 2026 after the financial markets close.

PRNewsWire • Apr 17, 2026

MSC Income Fund Announces First Quarter 2026 Private Loan Portfolio Activity

HOUSTON, April 9, 2026 /PRNewswire/ -- MSC Income Fund, Inc. (NYSE: MSIF) ("MSC Income" or the "Fund") is pleased to announce the following recent activity in its private loan portfolio. During the first quarter of 2026, MSC Income originated new or increased commitments in its private loan portfolio of $38.9 million and funded total investments across its private loan portfolio with a cost basis totaling $54.8 million.

PRNewsWire • Apr 9, 2026

KBRA Assigns Rating to MSC Income Fund, Inc.'s $150 Million Senior Unsecured Notes Due 2029

NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA assigns a rating of BBB- to MSC Income Fund, Inc.'s (NYSE: MSIF or “the company”) $150 million, 6.34% senior unsecured notes due 2029. The rating Outlook is Stable. The proceeds will be used for repayment of existing secured indebtedness. Key Credit Considerations The rating is supported by MSIF's well diversified $1.3 billion investment portfolio spread among 150 portfolio companies (including equity investments) across 30+ industries as of 4Q25, with ~77% of it.

Business Wire • Mar 13, 2026

MSC Income Fund Announces Completion of $150.0 Million Investment Grade Notes Offering

HOUSTON, March 13, 2026 /PRNewswire/ -- MSC Income Fund, Inc. (NYSE: MSIF) ("MSC Income" or the "Fund") is pleased to announce the closing of a private notes offering totaling $150.0 million in aggregate principal amount (the "Notes").  The Notes are unsecured and bear interest at a fixed rate of 6.34% per year, payable semiannually, mature on May 31, 2029 and may be redeemed in whole or in part at any time or from time to time at MSC Income's option at par plus accrued interest to the prepayment date and, if applicable, a make-whole premium.

PRNewsWire • Mar 13, 2026

Main Street Announces Follow-On Investments

Invests an Additional $21.1 Million in Three Existing Lower Middle Market Portfolio Companies HOUSTON, March 3, 2026 /PRNewswire/ -- Main Street Capital Corporation (NYSE: MAIN) ("Main Street") is pleased to announce that it recently completed follow-on investments in three existing lower middle market portfolio companies, Nello Industries Investco, LLC ("NELLO"), RFG AcquireCo, LLC ("Revolution") and Gamber-Johnson Holdings, LLC ("Gamber-Johnson"), to support strategic acquisitions. NELLO is a manufacturer of engineered steel poles and structures for the electric utility and wireless telecommunications end markets, with products including tapered steel poles, transmission poles, lattice towers and guyed towers.

PRNewsWire • Mar 3, 2026